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Property profile & analytics
OFF-MARKET
Estimated value
$5,740,000
Hotels
600 Northpoint Pkwy West Palm Beach, FL 33407-1946
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-3681973
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Construction
CONCRETE
Total area
83,406 SF
Lot
4.04 ac (175,965 SF)
Zoning code
CPD
APN
74-43-43-06-10-000-0180
UPID
US18-3681973
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Courtyard West Palm Beach Hotel & Motel
-
600 Northpoint Parkway Parking Parking Lot & Garage
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$5.74M
Owner & transaction history
C2 Land LP · 20 yrs held
C2 Land LP
since 2006
5 recorded transactions
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.74M
Range $5.17M – $6.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$304,433
Tax year 2023
Assessed value
$17,629,934
Assessed 2023
Previous assessed
$12,491,508
+41.1% YoY
Effective rate
1.73%
On assessed value
Assessed land
$7,450,000
Assessed improvement
$10,179,934
Land market value
$7,450,000
Improvement market value
$10,179,934
Total market value
$17,629,934
Applied tax rate
74,407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Units
149
Rooms
1
Total area
83,406 SF
Lot
4.04 ac (175,965 SF)
Zoning code
CPD
APN
74-43-43-06-10-000-0180
UPID
US18-3681973
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
149
Rooms
1
Lot
4.04 ac
Current owner
From public records · entity-resolved
C2 Land LP
Entity
Mailing address
1717 MCKINNEY AVE STE #1900, DALLAS, TX 75202-1253
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Cbm Two Hotels LP
—
Deed
related
$684,000,000 · Dbr Invs Co Ltd
Jan 24, 2006
$2,502,657
C2 Land LP
Essex House Condominium Corp
Special Warranty Deed
$120,000,000 · Lehman Brothers Bank Fsb
Apr 16, 2005
—
Courtyard II Associates
—
Deed Of Trust
related
$550,000,000 · Lehman Brothers Bk
Apr 10, 1998
$1,794,200
Essex House Condominium Corp
Marriott International INC
Grant Deed
—
—
—
Cbm Two Hotels LP
—
Loan Modification
related
$684,000,000 · Dbr Invs Co Ltd
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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